Amazing Houston Metro Rental!! [Code: 2372]

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After 15 Years (no mortgage) 
Original purchase price$355,000
Total investment (out of pocket)$98,350
15 yrs Project house value$639,335
Value (appreciation) Gain$284,335
15 yrs cash-flow generated$56,647
Total Gain$340,982
ROI (15 yrs)347%
ROI (annually)23%
  
Free & Clear cash flow (yr.)$23,397
Free & Clear cash flow (m)$1,950
  • 4 bedroom 2.5 bath single family residence 
  • Highly sought after neighborhood
  • No (low) crime area
  • Price reduced by $10k on 3/11/2022. Great negotiation power! 
  • Approximately $150/mo. cash flow 
  • 2-car attached garage
  • Great school district
  • Current days on the market: 34 days
  • 6,251 square foot lot

Why should you consider this house / what makes it a good investment?

  • Built: 2016
  • Size: 6,251 sq ft lot
  • Quiet residential street, Desirable community, B-rated schools

            What's next?

            Email/text for address, analysis and to get connected to Simply Do It's local team that handles this transaction.

            Metro: Houston

            Team: Jenny – email directly at hou1@simplydoit.net

            Code: 2372


            Property Specifications1
             Bedrooms4
             Bathrooms2.5
             Square Feet2,966
             Year Built2016
             Garage Size2
             Schools Rating (on scale of A-F)B

            Purchase AssumptionsMy Offer
            Offer used for analysis$355,000
            Suggested offer (low)$355,000
            Suggested offer (high)$359,900
            Asking$355,000
            Market Value (after improvements)$355,000
            Improvements (lower)$2,000
            Improvements (upper)$3,000
            Closing Costs$3,550
            Mortgage Costs$3,550
            Other Fees At Closing 
            Total Cost $364,600

            Financial AssumptionsMonthlyYearly
            Rent (upper)$2,650$2,700$32,400
            Rent (lower)$2,600$31,200
             Property Tax Rate (Approx.)2.9% 
             Property Taxes$632$6,202
             Insurance$126$1,512
             Repairs$75$900
            Variable-Cost PMFlat Fee 
            Property Management Fee$100$1,200
             Leasing Fee80%$88.3$1,060
             HOA$49$585
             Vacancy Rate4.0% 
             Total Fixed Expenses$1,172$14,068
             Total Expenses (Fixed + Mortgage)$2,561$30,735

            Financial Analysis / Deal Attractiveness    
            Years:5101520
             Cap Rate1.8%2.8%3.8%5.0%
             Net Cash Flow$8,945$27,494$56,647$97,508
             Equity Increase$99,548$221,814$372,027$556,633
             Total Gain$108,493$249,308$428,675$654,142
                  
             Average Cash Flow/Year$1,789$2,749$3,776$4,875
             Average Cash Flow/Month$149$229$315$406
             Average Gain/Year$21,699$24,931$28,578$32,707
             Average ROI110.3%253.5%435.9%665.1%
             Annual ROI22.1%25.3%29.1%33.3%
             Projected Property Value$431,912$525,487$639,335$777,849

            Property Ratings Suggestions
             Item   Suggested Criteria (Min.)This PropertyFAVORABLE /
            INSUFFICIENT
             Schools  BBFAVORABLE
             Square Feet 10002,966FAVORABLE
             Bedrooms 34FAVORABLE
             Bathrooms 22.5FAVORABLE
             Year Built 19702016FAVORABLE
             Rent/Price (%) 0.75%0.76%FAVORABLE
             Average Cash Flow (at year 5)$125$149FAVORABLE
             Average ROI (at year 5)15%22.1%FAVORABLE

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            Disclaimer

            Information contained herein was obtained from sources deemed reliable, however, Simply Do It and/or the owner(s) of the property make no guarantees, warranties or representation as to the completeness or accuracy thereof. The presentation of the property is offered subject to errors, omissions, changes in price and/or terms, prior sale or lease or removal from the market for any reason without notice.

            The analysis is provided “As Is”. All the information is believed to be accurate (except for the small effects of some simplifying assumptions), but is not guaranteed, and depends on the values entered for the property. This analysis is intended for the purpose of illustrative projections. The information provided is not intended to replace or substitute for any legal, accounting, investment, real estate, tax, or other professional advice, consultation, or service. Simply Do It and/or the owner(s) are not responsible nor liable for any damages arising from the use of the analysis info.